In 2024, the size of the construction industry relative to the gross domestic product of the United States was slightly higher than in the previous year. That means that the construction industry grew at a faster pace than the economy as a whole. The value added of that sector peaked in 2006 at **** percent of the GDP. The amount of construction investment as a share of GDP is, however, another indicator that provides a somewhat different insight into the industry as it is calculated differently. U.S. construction: a sizable market The construction market in the United States is one of the largest in the world, with private spending still increasing on a year-to-year basis. Most of that money comes from the private construction market, which is also the segment that has traditionally been more volatile. The number of people employed in the industry has also increased in the past years. During the coming years, it is also expected that the volume of new construction put in place will also keep increasing. Construction industry challenges To maintain its competitive standing, the construction industry must overcome various barriers, including those within the industry and external complications like the state of the U.S. economy. For example, a shortage in skilled labor, particularly for specific trade jobs, can be a relevant challenge. In 2022, many home builders also reported shortages of building materials and appliances.

Graph and download economic data for Real Gross Domestic Product: Construction (23) in the United States (USCONSTRQGSP) from Q1 2005 to Q2 2025 about GSP, private industries, construction, private, real, industry, GDP, and USA.

In 2023, the construction industry accounted for about *** percent of China's gross domestic product (GDP), representing a continuation of the figure from the previous year.

A vital industry for the economy Since the 1998 housing reform, China's real estate industry has expanded dramatically and has become one of the country's pillar industries. Similarly, China's infrastructure construction has also boomed since the early 2000s. To mitigate the impact of the 2008 global financial crisis and maintain the country's economic output, the Chinese government launched a four trillion yuan stimulus plan and invested substantial resources in infrastructure development across the country, such as high-speed railway and highway projects. These developments have all made the construction industry one of the most important segments of the Chinese economy.

An important employer nationwide The construction industry also plays a key role in China's labor market, with more than ********** people employed in the sector in 2023. It is also one of the top sectors for China's migrant workers, with more than ** percent working in construction in 2023. However, due to the challenging working environment, more and more young migrant workers are choosing to work in other professions, such as couriers and food delivery. With China's real estate sector facing significant headwinds, infrastructure construction stagnating, and local governments now under substantial fiscal pressure, the future of China's construction industry is becoming increasingly uncertain.

Egypt GDP: Construction and Building data was reported at 489,249.900 EGP mn in Sep 2025. This records an increase from the previous number of 440,720.150 EGP mn for Jun 2025. Egypt GDP: Construction and Building data is updated quarterly, averaging 20,877.300 EGP mn from Sep 2001 (Median) to Sep 2025, with 97 observations. The data reached an all-time high of 489,249.900 EGP mn in Sep 2025 and a record low of 4,045.200 EGP mn in Sep 2001. Egypt GDP: Construction and Building data remains active status in CEIC and is reported by Ministry of Planning, Economic Development and International Cooperation. The data is categorized under Global Database’s Egypt – Table EG.A: GDP: by Industry: Current Price.

Brazil Construction Industry Survey: Actual-Usual Activity Level data was reported at 34.200 Point in May 2019. This records a decrease from the previous number of 35.400 Point for Apr 2019. Brazil Construction Industry Survey: Actual-Usual Activity Level data is updated monthly, averaging 40.950 Point from Dec 2009 (Median) to May 2019, with 114 observations. The data reached an all-time high of 55.600 Point in May 2010 and a record low of 25.300 Point in Feb 2016. Brazil Construction Industry Survey: Actual-Usual Activity Level data remains active status in CEIC and is reported by National Confederation of Industry. The data is categorized under Brazil Premium Database’s Business and Economic Survey – Table BR.SF004: CNAE 2.0: Construction Industry Survey: Actual-Usual Activity Level: by Sector. The survey is conducted throughout the national territory. Indicators for the country are built to the geographical regions and units of partner associations. The research unit is the 'company'. The Company is the union of all local units carrying the same economic activity, in the same unit of the Federation.

New Zealand's construction industry has seen relatively continuous growth over the past decade, contributing around **** billion New Zealand dollars in gross domestic product (GDP) in the year ended March 2024. Nonetheless, in 2025, the country's construction industry GDP fell to **** billion dollars. Key construction segments In New Zealand, the construction sector includes residential builds, commercial builds, and infrastructure such as roads and energy services. All segments have grown due to increasing demand for housing, offices, roads, energy, fiber installation, and water supply. New Zealand’s housing market has been an important topic over the years, with larger metropolitan regions such as Auckland facing large housing shortages. The value of residential building consents issued across the nation grew consistently between 2017 and 2022 before witnessing a decline in 2023 and 2024. In terms of infrastructure construction starting in 2024, transportation and water infrastructure projects led by volume. Climate resilience of infrastructure Owing to its geographical location, New Zealand has a relatively high natural disaster risk, including flooding and cyclones. Following damages caused to properties, roads, bridges, and other infrastructure in 2023 and 2024 due to Cyclone Gabrielle, the East Coast floods, and several wildfires, the ability of the country's housing and infrastructure to withstand climate change has shifted into focus. Building new and adapting existing buildings and infrastructure to be more climate resilient is becoming vital in terms of preparedness and the smooth functionality of the construction pipeline as a whole to reduce cancellations, delays, and high rebuild costs.

In the financial year 2022, the contribution of the construction sector to the total economic output was **** percent. According to the forecast, the contribution was likely to gradually reduce to *** percent by 2030.

Snapshot img

Construction Market Size 2025-2029

The construction market size is valued to increase by USD 1288.3 billion, at a CAGR of 5.5% from 2024 to 2029. Increase in residential and commercial infrastructure projects will drive the construction market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 53% growth during the forecast period.
By Type - Buildings construction segment was valued at USD 1608.40 billion in 2023
By End-user - Private sector segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 63.08 billion
Market Future Opportunities: USD 1288.30 billion
CAGR from 2024 to 2029 : 5.5%

Market Summary

The market continues to be a significant economic driver, fueled by the increasing demand for infrastructure development in various sectors. This demand is spurred by population growth, urbanization, and technological advancements. One of the most notable trends shaping the industry is the integration of artificial intelligence (AI) in construction processes. AI is revolutionizing the sector by enhancing efficiency, reducing costs, and improving safety. However, the high cost of construction machinery and materials remains a significant challenge. To mitigate this, companies are exploring innovative solutions such as Modular construction and offsite fabrication. These approaches enable the production of high-quality structures at a lower cost and with reduced environmental impact.
Furthermore, the adoption of Building Information Modeling (BIM) and other digital technologies is enabling more accurate project planning, design, and execution. Despite these advancements, the market faces complex regulatory environments and labor shortages, which necessitate collaboration and innovation to overcome. The industry's future direction lies in the continued adoption of technology and the development of sustainable, cost-effective solutions.

What will be the Size of the Construction Market during the forecast period?

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How is the Construction Market Segmented ?

The construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Buildings construction
  Heavy and civil engineering construction
  Land planning and development
  Specialty trade contractors


End-user

  Private sector
  Public sector


Product

  Traditional
  Sustainable


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China
    India
    Indonesia
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The buildings construction segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with buildings construction being a significant and dynamic segment. This sector encompasses residential, commercial, and multifamily buildings, each contributing to the overall growth and development of the global construction industry. For instance, Egypt's ambitious project to build a new administrative capital (NAC) 45 kilometers east of Cairo is a testament to this ongoing activity. With a goal to ease overcrowding and pollution in the current capital, NAC is expected to accommodate over six million residents and become Egypt's new political and administrative center. CSCEC, a leading Chinese state-owned enterprise, is a major player in this transformation.

Risk assessment methodologies, building envelope systems, and foundation engineering are essential elements in this evolving landscape. Innovative approaches, such as prefabricated construction methods, green building certifications, and cost estimation techniques, are shaping the future of construction. For example, 3D printing construction and modular construction techniques are revolutionizing the industry, offering faster and more cost-effective solutions. Quality control procedures, structural engineering software, and lifecycle cost analysis are crucial components in ensuring the long-term success of construction projects. Safety management systems, construction site safety, and digital twin technology are essential in minimizing risks and optimizing resource allocation. Concrete mix design, structural analysis software, and heavy equipment operation are other critical aspects that require continuous improvement.

Building automation systems, sustainable building materials, and smart building technologies are becoming increasingly important in creating energy-efficient and environmentally friendly structures. Compliance with building codes, Geotechnical engineering principles, and mep engineering design are also essential in ensuring safety and

Brazil Construction Industry: Total Gross Revenues: 5 Persons or More: Southeast data was reported at 134,533,274.000 BRL th in 2017. This records a decrease from the previous number of 158,002,342.000 BRL th for 2016. Brazil Construction Industry: Total Gross Revenues: 5 Persons or More: Southeast data is updated yearly, averaging 162,219,771.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 225,084,426.000 BRL th in 2014 and a record low of 84,732,020.000 BRL th in 2007. Brazil Construction Industry: Total Gross Revenues: 5 Persons or More: Southeast data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EH021: Construction Industry: CNAE 2.0: Total Gross Revenues: by Region and State.

In 2024, the gross value added (GVA) of the construction industry in the United Kingdom amounted to almost *** billion British pounds, compared with ***** billion pounds in the previous year.

Graph and download economic data for Unemployment Rate - Construction Industry, Private Wage and Salary Workers (LNU04032231) from Jan 2000 to Aug 2025 about salaries, workers, private industries, 16 years +, construction, wages, household survey, private, unemployment, industry, rate, and USA.

Ethics reference: 2022_FBMSREC 046Abstract: Small, Medium, and Micro Enterprises (SMMEs) play a pivotal role in driving economic growth and fostering development globally, as well as in the specific context of South Africa. This importance is particularly evident in the civil, building, and mechanical engineering industries, where SMMEs contribute significantly to the country's Gross Domestic Product (GDP) and hold the potential to alleviate poverty, reduce unemployment, and promote inclusivity and fairness. This dataset explores the multifaceted significance of SMMEs in these industries.Globally, SMMEs are recognized as engines of economic growth due to their capacity to innovate, create jobs, and generate income. In South Africa, these enterprises have a profound impact on the economy, contributing poverty alleviation and income generation social inclusion. SMMEs involvement in the civil engineering, building construction, and mechanical engineering sectors are particularly crucial, as they drive infrastructure development, job creation, and skills enhancement as a future economic jack. While, the primary objective of the study is to investigate the challenges faced by SMMEs through the broader economic trends by unidentified household brand names which influence lack of capital cash-flow based on the marketing tools.The vital role of SMMEs in South Africa's GDP and poverty reduction is underscored by their potential to create employment opportunities, especially for marginalized communities, which finds expression in in the engineering and construction sector like many other economic sectors. These enterprises facilitate skills development and contribute to localized economic growth, thereby advancing inclusivity and social equity. However, SMMEs in the civil, building, and mechanical engineering industries confront an array of challenges, including limited access to financing, inadequate skills development, regulatory hurdles, and market access constraints. This empirical study evaluated the marketing tools that will influence capital cash-flow in SMMEs. The study employed comparative methodology comprised of quantitative closed-ended questionnaire and qualitative open-ended questionnaire. Which linked well with pragmatic paradigm. The study aimed at utilising 130 SMMEs participants from the engineering sector. Backed by this dataset, the study revealed that most private sectors are engaged in supporting the growth and mentoring of SMMEs. Additionally, the Free-State government provides financial support and facilitates marketing access to the SMMEs. The study recommends that the Free-State government should intensify programmes of skills knowledge development and marketing competition to maintain capital cash-flow sustainability in SMMEs.

Construction Industry: Total Costs of Works & Construction Services: 500 Persons & More: Infrastructure Works data was reported at 11,535,238.000 BRL th in 2017. This records a decrease from the previous number of 14,834,329.000 BRL th for 2016. Construction Industry: Total Costs of Works & Construction Services: 500 Persons & More: Infrastructure Works data is updated yearly, averaging 23,590,944.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 33,533,728.000 BRL th in 2014 and a record low of 11,535,238.000 BRL th in 2017. Construction Industry: Total Costs of Works & Construction Services: 500 Persons & More: Infrastructure Works data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EH012: Construction Industry: CNAE 2.0: Total Costs of Works & Construction Services: by Activity.

Brazil Construction Industry: Value of Mergers, Works & Construction Services: 5 to 29 Persons: Infrastructure Works data was reported at 8,675,478.000 BRL th in 2017. This records an increase from the previous number of 8,032,443.000 BRL th for 2016. Brazil Construction Industry: Value of Mergers, Works & Construction Services: 5 to 29 Persons: Infrastructure Works data is updated yearly, averaging 5,013,910.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 8,675,478.000 BRL th in 2017 and a record low of 2,856,557.000 BRL th in 2007. Brazil Construction Industry: Value of Mergers, Works & Construction Services: 5 to 29 Persons: Infrastructure Works data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EI002: Construction Industry: CNAE 2.0: Value of Mergers, Works & Construction Services: by Activity.

Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution: Construction Sector was 0.01737 Index Standard Deviation in May of 2021, according to the United States Federal Reserve. Historically, Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution: Construction Sector reached a record high of 0.06796 in February of 1994 and a record low of -0.17580 in June of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Contributions to the Chicago Fed Midwest Economy Index: Indiana Contribution: Construction Sector - last updated from the United States Federal Reserve on November of 2025.

The construction industry made up 5.14 percent of the value added of the whole economy of Sweden in the first half of 2025. That was slightly lower than in 2022, when the GVA share of the construction industry peaked at 5.91 percent. In the years after that, the size of the construction industry has fallen.

Construction Industry: Total Costs of Works & Construction Services: 5 Persons or More: Infrastructure Works data was reported at 28,079,871.000 BRL th in 2017. This records a decrease from the previous number of 33,747,446.000 BRL th for 2016. Construction Industry: Total Costs of Works & Construction Services: 5 Persons or More: Infrastructure Works data is updated yearly, averaging 41,335,936.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 52,733,102.000 BRL th in 2014 and a record low of 21,232,597.000 BRL th in 2007. Construction Industry: Total Costs of Works & Construction Services: 5 Persons or More: Infrastructure Works data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EH012: Construction Industry: CNAE 2.0: Total Costs of Works & Construction Services: by Activity.

Construction Industry: Construction Materials Consumption: 100 to 249 Persons: Infrastructure Works在2017达2,697,879.000 BRL th，相较于2016的3,209,221.000 BRL th有所下降。Construction Industry: Construction Materials Consumption: 100 to 249 Persons: Infrastructure Works数据按每年更新，2007至2017期间平均值为2,744,550.000 BRL th，共11份观测结果。该数据的历史最高值出现于2014，达3,244,780.000 BRL th，而历史最低值则出现于2007，为1,428,777.000 BRL th。CEIC提供的Construction Industry: Construction Materials Consumption: 100 to 249 Persons: Infrastructure Works数据处于定期更新的状态，数据来源于Brazilian Institute of Geography and Statistics，数据归类于Brazil Premium Database的Construction and Properties Sector – Table BR.EH014: Construction Industry: CNAE 2.0: Construction Materials Consumption: by Activity。

Construction Industry: Total Costs of Works & Construction Services: 5 to 29 Persons: Other Infrastructure Works data was reported at 943,636.000 BRL th in 2017. This records an increase from the previous number of 740,059.000 BRL th for 2016. Construction Industry: Total Costs of Works & Construction Services: 5 to 29 Persons: Other Infrastructure Works data is updated yearly, averaging 593,400.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 943,636.000 BRL th in 2017 and a record low of 249,013.000 BRL th in 2007. Construction Industry: Total Costs of Works & Construction Services: 5 to 29 Persons: Other Infrastructure Works data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EH012: Construction Industry: CNAE 2.0: Total Costs of Works & Construction Services: by Activity.

Construction Industry: Total Costs of Works & Construction Services: 100 to 249 Persons: Infrastructure Works data was reported at 4,964,136.000 BRL th in 2017. This records a decrease from the previous number of 6,751,660.000 BRL th for 2016. Construction Industry: Total Costs of Works & Construction Services: 100 to 249 Persons: Infrastructure Works data is updated yearly, averaging 4,840,280.000 BRL th from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 6,751,660.000 BRL th in 2016 and a record low of 2,692,024.000 BRL th in 2007. Construction Industry: Total Costs of Works & Construction Services: 100 to 249 Persons: Infrastructure Works data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EH012: Construction Industry: CNAE 2.0: Total Costs of Works & Construction Services: by Activity.